Sep. 29 at 7:54 PM
Shares of Comscore Inc rose Monday after the media measurement company announced a recapitalization agreement with preferred shareholders that eliminates annual dividend obligations and strengthens its balance sheet. The deal, involving Charter Communications, Liberty Broadband, and a Cerberus Capital affiliate, exchanges existing Series B preferred shares for common shares and new Series C preferred shares, removing over
$18 million in annual dividend payments and canceling a special dividend of at least
$47 million.
Approximately
$80 million of existing liquidation preference will convert into common shares at an effective price of
$8.11 per share, a 48% premium over the 90-day VWAP through Sept. 26, 2025. The remaining
$183.7 million will convert into new Series C preferred shares at
$14.50 per share. CEO Jon Carpenter said the transaction “strengthens Comscore’s foundation for long-term growth, positioning us to lead as AI transforms media buying and performance.”
$SCOR